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Technological advancements are reshaping the spandex market in the Americas, with a keen focus on boosting performance and sustainability. Key innovations encompass the creation of high-performance fibers that offer enhanced elasticity, durability, and comfort. Cutting-edge spinning technologies are now crafting spandex that boasts superior moisture-wicking capabilities and heightened resistance to wear. Additionally, a pronounced emphasis on eco-friendly practices is evident, with initiatives like utilizing recycled materials and minimizing water and energy use during production. Investments are also flowing into smart textiles, which feature innovations such as temperature regulation and improved breathability. These technological strides are fueling growth across sectors like activewear, swimwear, and athleisure, underscoring a rising consumer appetite for products that are both functional and environmentally responsible. As these technologies continue to be integrated, they promise not only to propel market growth but also to redefine benchmarks for performance and sustainability in the spandex realm.
Hyosung, INVISTA, TK Chemical Corporation, Taekwang Industrial Co. Ltd, Asahi Kasei, American Dyeing & Manufacturing, Toray Industries, Fibertex, Shandong Ruyi Technology Group, Nantong Huamao Industrial Co., Ltd., and Teijin Limited
Americas spandex market from the apparel segment will record USD 1.56 billion by 2032 owing to its suitability for home decor products including chair & pillow covers
Americas spandex industry size was USD 1.12 billion in 2023 and will grow at a 12.03% CAGR from 2024 to 2032 due to increasing demand for compressional stockings and surgical hoses in the medical sector